Hochschild Mining (LON:HOC) PT Raised to GBX 220 at JPMorgan Chase & Co.

Hochschild Mining (LON:HOC) had its target price boosted by analysts at JPMorgan Chase & Co. from GBX 210 ($2.90) to GBX 220 ($3.04) in a research report issued on Thursday, January 18th. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 2.18% from the stock’s previous close.

HOC has been the subject of several other reports. Numis Securities reaffirmed an “add” rating and set a GBX 260 ($3.59) price objective on shares of Hochschild Mining in a research report on Thursday, October 19th. Barclays reduced their price objective on Hochschild Mining from GBX 285 ($3.94) to GBX 235 ($3.25) and set an “equal weight” rating for the company in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada cut Hochschild Mining to a “sector performer” rating and set a GBX 260 ($3.59) price objective for the company. in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Hochschild Mining presently has an average rating of “Hold” and an average target price of GBX 249 ($3.44).

Hochschild Mining (LON:HOC) opened at GBX 215.30 ($2.97) on Thursday. The stock has a market capitalization of $1,080.00 and a PE ratio of 4,306.00. Hochschild Mining has a 52 week low of GBX 204.30 ($2.82) and a 52 week high of GBX 337.60 ($4.66).

In related news, insider Ignacio Bustamante sold 90,000 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of GBX 257 ($3.55), for a total transaction of £231,300 ($319,563.42).

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Hochschild Mining Company Profile

Hochschild Mining plc is engaged in mining, processing and sale of silver and gold. It has approximately three operating mines (Arcata, Pallancata and Inmaculada) located in southern Peru and approximately one operating mine (San Jose) located in Argentina. Its segments include Arcata, Pallancata, San Jose, Inmaculada, Exploration and Other.

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